Reconveyance – this term applies in the area of Real Estate Law. In the Common Law system, it details the transfer of ownership, performed by the trustee back to the borrower. Usually, once the debtor has paid the secured debt in full. In the European (Continental) Law system, where the title does not go towards the trustee, but only a mortgage or lien is established in their favor, re-conveyance refers to the procedure of deleting the lien or mortgage at the Land Register. Once the Land Register publishes the re-conveyance, then the real estate gets clear legal status, free of any burdens.

See also “Real Estate transaction”

Reconveyance / Legal Glossary

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